REG - Pod Point Group Hdgs - CEO Appointment & Directorate Change

Pod Point groupAnnouncement

20/02/2024 07:00

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RNS Number : 6778D  Pod Point Group Holdings PLC  20 February 2024

20 February 2024

 

Pod Point Group Holdings plc

("Pod Point" or "the Group")

 

CEO Appointment & Directorate Change

 

Pod Point, a leading provider of electric vehicle ('EV') charging solutions in
the UK, today announces the appointment of Melanie Lane as Chief Executive
Officer ("CEO") with effect from 1 May 2024. She will succeed Andy Palmer, who
has acted as Interim CEO since 6 July 2023 during the course of the executive
search and appointment processes.

Melanie joins the Group from Shell Recharge Solutions ("Recharge"), having led
the standalone unit following its acquisition by Shell in 2017 to become a
prominent e-mobility solutions provider across key EU markets. Prior to her
time running Recharge, Melanie led extensive and successful turnaround
programmes for Shell's Aviation and Retail units, which delivered significant
operational improvements, resulting in strengthened competitive positions and
profitability.

Following Melanie's appointment as CEO on 1 May, Andy will step down from the
executive leadership team and return to the Board as Chair Designate, before
taking on the role of Non-Executive Chair post Pod Point's Annual General
Meeting on 5 June. At this time, Gareth Davis will step down as Chair and
remain on the Board as an Independent Non-Executive Director, whilst Interim
Senior Independent Director Karen Myers will become the permanent Senior
Independent Director. EDF Group, Pod Point's largest shareholder, has given
its full support for these appointments.

Gareth Davis, Chair, commented:

"We are delighted to announce Melanie's appointment as CEO. With her extensive
experience in the EV charging sector and the wider energy industry, she has
the skills and ideas Pod Point needs to continue its journey to enable travel
that doesn't cost the Earth. Melanie has a strong track record of building up
successful businesses in a highly competitive space and we believe she will
bring this same skillset to Pod Point as it looks to expand in the UK and
abroad.

We are very thankful to Andy for his time as Interim CEO and look forward to
welcoming him back to the Board as Chair Designate. His expertise in both Pod
Point and the wider automotive sector will continue to be a major asset to the
business in his new role."

Melanie Lane, CEO designate, commented:

"I am very pleased to be appointed CEO of Pod Point and am looking forward to
taking on this new opportunity. Pod Point is a leading player in UK EV
charging with a strong brand, high customer trust, extensive partnerships and
fantastic people.

The business has an outstanding opportunity to build on the pillars of the
recently announced Powering Up strategy with a renewed focus on home and
workplace charging, driving recurring revenue through Energy Flex and growing
internationally.

I look forward to working with David Wolffe, the executive team and everyone
in the business to guide Pod Point through this exciting time in its evolution
and growing its position as a key enabler of the energy transition."

About Melanie Lane

Melanie has led a long and successful career at Shell, having worked in
various business units and developed key skills across a range of subsectors
and customer bases.

Melanie's most recent position was as CEO of Shell Recharge Solutions, known
as NewMotion at the time of her appointment in 2020. During her time at the
company, Mel oversaw a step change growth in Recharge's customer base and top
line revenues, diversified the portfolio of products and scaled operational
capability and increased annual installations from 16,000 to 50,000, amassing
a network 500,000 connected chargers.

Outside of EV charging, Melanie has a track record of delivering operational
improvements and turning around underperforming businesses. During her time
leading both the Aviation business in Europe and the Retail business in the
UK, she delivered significant turnarounds and double-digit growth in
profitability through new strategic direction, overhauling operations and
sharpening customer focus.

Career:

2020: CEO, Shell Recharge Solutions, Europe

2016-2020: Global Director, Growth and Innovation: Aviation

2012-2016: European Director, Growth and Innovation: Aviation

2009-2012: Director, UK Retail

2008-2009: General Manager, Marketing Europe

2006-2008, Global Innovation Manager, Fuels Retail

 

There is no further information required to be disclosed pursuant to LR
9.6.13R.

 

Andy Palmer and Gareth Davis

Andy's appointment as Non-Executive Chair has the full support of Gareth, the
rest of the Board and its majority shareholders. The Board is mindful of the
Corporate Governance Code provision that a CEO should only exceptionally
become chair, but is satisfied that Andy's appointment is appropriate and that
he can be considered independent on appointment. Having served on the Board of
Pod Point as Senior Independent Director since IPO, Andy agreed to act as
interim CEO in July 2023, while a permanent CEO was recruited. Andy is one of
the automotive industry's most experienced executives, whose previous roles
include Chief Operating Officer of Nissan and CEO of Aston Martin Lagonda, and
this experience is invaluable to Pod Point.

The Board is satisfied that Gareth does not meet any of the factors in
provision 10 of the UK Corporate Governance Code that would prevent him being
an Independent Non-Executive Director. The company will count his tenure as
Chair in assessing the period for which he has served on the Board.

 

Enquiries:

 Pod Point Investor Relations                                                                                                                                   phil.clark@pod-point.com

 Phil Clark

 Numis (Joint Corporate Broker)                                                                                                                                 +44 (0)20 7260 1000

 Andrew Coates

 BofA Securities (Joint Corporate Broker)                                                                                                                       +44 (0)20 7628 1000

 Marcus Jackson

 Teneo (Media)                                                                                                                                                  +44 (0)20 7353 4200

 Matt Low / Arthur Rogers                                                                                                                                       PodPoint@teneo.com

 

About Pod Point Group Holdings plc

Pod Point was founded in 2009. Driven by a belief that driving shouldn't cost
the earth, Pod Point is building the infrastructure needed to enable the mass
adoption of electric vehicles and to make living with an EV easy and
affordable for everyone. As at 31 December 2023, the company has shipped more
than 226k charge points on its network in the UK and is an official charge
point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer
home and commercial charging solutions.

Pod Point is admitted to trading on the London Stock Exchange under the ticker
symbol "PODP."

 

 

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